Nigeria Reaffirms Support for Crypto Firms Despite $80bn Lawsuit Against Binance
The Federal Government has reaffirmed its openness to cryptocurrency companies, even as it pursues an $80 billion lawsuit against Binance, the world’s largest crypto exchange. The lawsuit, filed last month, alleges that Binance’s operations in Nigeria…
Binance’s Tigran Gambaryan Stands by $150M Bribery Allegation Against Nigerian Lawmakers
In a dramatic turn of events, Binance executive Tigran Gambaryan has doubled down on his allegations that three Nigerian lawmakers demanded a staggering $150 million bribe to halt his arrest and prosecution over money laundering accusations. Despite…
U.S. Deploys Medical Aircraft to Retrieve Binance Executive Tigran Gambaryan from Nigeria
The United States government on Thursday deployed a medically-equipped plane to retrieve Tigran Gambaryan, an executive at Binance Holdings Limited, from Nigeria. As reported by The New York Times, Gambaryan departed Nigeria after the Federal Government…
US Lawmakers Visit Detained Binance Executive in Kuje Prison, Call for His Release
Two United State congress members, French Hill (R) and Chrissy Houlahan (D), on June 19 visited Tigran Gambaryan, a detained Binance executive, at Kuje correctional centre in Abuja. Hill after the visit described Gambaryan’s conditions as dire,…
Wife of Detained Binance Executive Appeals for US Government Intervention in Nigeria
Mrs Yuki Gambaryan, the spouse of a Binance executive detained by the Nigerian government, Tigran Gambaryan, has urged the United States government to intervene in her husband’s ongoing detention in Nigeria. Yuki conveyed her plea through US Senator Cory…
Binance Invests $213 Million to Strengthen Compliance and Security Against Fraud
Binance, a leading cryptocurrency exchange, has disclosed its investment of $213 million in its compliance program in 2023 to address fraud and bolster security measures. This information was provided in a statement by Romaana Sutton, representing JNPR,…
Two Binance Executives Arrested, Taken Into Custody In Crypto Crackdown
Passports belonging to undisclosed Binance executives were confiscated after they traveled to Nigeria in response to the country’s recent ban on several cryptocurrency trading websites. According to Financial Times, the executives were detained,…
Binance CEO, Changpeng Zhao, Loses 82 Percent Of Fortune ($12 Billion) In Crypto Market Slump
The Crypto-Trading slump has taken more casualties as Binance Founder Changpeng Zhao (CZ), has become $12 Billion poorer. CZ’s wealth has how plunged down to an astonishing 82 percent in the wake of the naked volatility of the crypto market. US…